Western Europe · Europe

Monaco

67good

Overall Score

Monaco is a Western Europe jurisdiction. with a standard worldwide income tax regime applicable to tax residents. Corporate profits are taxed at 25%.

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Corporate Tax

25%

Personal Income Tax

Capital Gains

VAT / GST

20%

Overview

Key Data

Taxation

Personal Income Tax (max)0%

Personal Income Tax (min)0%

Corporate Tax Rate25%

Capital Gains Tax0%

VAT / GST20%

Dividend Tax Rate0%

Withholding Tax0%

Territorial TaxationNo

Foreign Income Exempt—

Remittance-Based Tax—

CFC RulesNo

Tax Residency Days183 days/year

Tax Treaties—

Residency & Visa

Digital Nomad VisaNo

Golden VisaNo

Retirement VisaNo

Investment VisaYes

EU MemberNo

Schengen AreaYes

EU PassportNo

Min. Days Required / Year—

Min. Monthly Income—

Min. Investment (residency)—

Citizenship Path—

Setup Difficulty—

Business & Cost of Living

Cost of Living Index99/100

Avg. Monthly Cost—

Company Formation Time—

Formation Cost (est.)—

Annual Compliance Cost—

Free Zone AvailableNo

Banking Easeexcellent

Internet Qualityexcellent

Compliance & Reputation

FATF Statuscompliant

EU Blacklist Statusnot_listed

OECD Compliance—

CRS Participant—

FATCA Compliant—

BEPS Participant—

Treaty Network Quality—

Personal Tax Residency

Tax residency in Monaco is generally triggered by physical presence exceeding 183 days in a calendar year. Foreign income treatment: exempt. No statutory CFC rules apply, which can facilitate the use of foreign holding structures without automatic income attribution.

No personal income tax except for French nationals. 25% CIT (only companies with >25% revenue from outside Monaco). Requires EUR 500,000+ deposit and renting property to establish residency.

Company Setup & Business Taxation

The standard corporate income tax rate is 25%. Establishing a legal presence here involves a higher degree of administrative complexity, often requiring local legal assistance.

Banking & Financial Access

Account opening in Monaco can be challenging for foreign nationals or non-resident businesses, and enhanced due diligence is common practice. Internet infrastructure is excellent, with widespread fibre broadband and reliable mobile connectivity across urban and suburban areas.

Compliance & International Reputation

Monaco is a member of the Financial Action Task Force (FATF) and meets its anti-money-laundering standards. EU tax blacklist status: not_listed. Structures involving this jurisdiction may attract additional scrutiny or reporting obligations under EU member state rules.

Who This Jurisdiction Works Best For

Based on our scoring model, Monaco ranks highest for High Net Worth Individual and Founder / Entrepreneur. It offers a strong proposition for high net worth individual (score: 76/100). It offers a strong proposition for founder / entrepreneur (score: 73/100).

Legal Notice

The information on this page is for general informational purposes only and does not constitute legal, tax, or financial advice. Tax laws and residency rules change frequently and vary significantly by individual circumstances. Always consult a qualified professional licensed in the relevant jurisdictions before making any decisions.